Rand Capital (RAND) Operating Expenses (2022 - 2026)
Rand Capital's Operating Expenses was $647,390 in Q2 2026, compared with -$864,159 a year earlier and up 0.9% from the prior quarter.
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Analysis
Rand Capital (RAND) Operating Expenses (2022 - 2026) Analysis & Trends
On a trailing twelve-month basis, Rand Capital's Operating Expenses was $2.55 million through Jun 30, 2026, up 188.4% year-over-year; for FY2025, it was $1.19 million, down 75.4% from FY2024.
- Operating Expenses shows a four-year compound annual growth rate of -35.0% (FY2021 to FY2025).
- In earlier years, Operating Expenses was $4.84 million in FY2024 (+15.8%), $4.18 million in FY2023 (+273.3%), $1.12 million in FY2022 (-83.2%) and $6.67 million in FY2021.
- Quarterly Operating Expenses has moved between -$864,159 (Q2 2025) and $2.65 million (Q2 2024) over five years.
- Compared with a year earlier, Operating Expenses was higher in 1 of the last four quarters, with an average decline of 11.2%.
- The best year-over-year quarter for Operating Expenses over five years was Q1 2023 (growth of 203.4%); the worst was Q3 2025 (a decline of 55.3%).
- Per Business Quant data, RAND's Operating Expenses in the three quarters before Q2 2026 was $641,917 (Q1 2026), $665,562 (Q4 2025) and $596,203 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | 2.50 Bn |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | 4.66 Bn |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | 541.02 Mn |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | 2.07 Bn |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | 1.02 Bn |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | 1.33 Bn |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | 173.18 Mn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - | 58.19 Mn |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - | - |
| 10 | Rand Capital | 29.67 Mn | 15.21 Mn | - | 647,390.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 647,390.00 |
| Mar 31, 2026 | 641,917.00 |
| Dec 31, 2025 | 665,562.00 |
| Sep 30, 2025 | 596,203.00 |
| Jun 30, 2025 | -864,159.00 |
| Mar 31, 2025 | 791,065.00 |
| Dec 31, 2024 | -376,286.00 |
| Sep 30, 2024 | 1.33 Mn |
| Jun 30, 2024 | 2.65 Mn |
| Mar 31, 2024 | 1.23 Mn |
| Dec 31, 2023 | 1.01 Mn |
| Sep 30, 2023 | 809,936.00 |
| Jun 30, 2023 | 1.31 Mn |
| Mar 31, 2023 | 1.05 Mn |
| Dec 31, 2022 | 371,090.00 |
| Sep 30, 2022 | 498,959.00 |
| Jun 30, 2022 | 96,198.00 |
| Mar 31, 2022 | 345,378.00 |
API Access
Rand Capital Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=RAND&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "RAND", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=RAND&period=max&api_key=YOUR_API_KEY");
const data = await res.json();